The first project on the site of the former oil refinery at Grangemouth has been announced as part of an “exciting new chapter” which could support more than 300 jobs over the coming years.

Scottish biotech firm MiAlgae plans to make fish-free Omega 3 supplements at the site, using leftover by-products from the whisky production process.

Coming in the wake of the closure of Scotland’s only oil refinery in April, the project is expected to create around 130 direct full-time jobs in the Grangemouth community over the next five years, and could support 180 further posts across Scotland.

The work is going ahead with the help of £1.5 million from the UK Government – part of the £14.5 million of support for the area announced by Chancellor Rachel Reeves in her Budget.

The cash will allow MiA

See Full Page